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Hacker Seeks Civility in Kyberswap Heist Negotiations

30 November 2023
hacker seeks civility in kyberswap heist negotiations 1

Hacker Seeks Civility in Kyberswap Heist Negotiations

In the aftermath of a $47 million cyberattack on Kyberswap, the hacker responsible has expressed a desire for friendly negotiations to resolve the issue. However, they have lamented encountering hostility and threats from the Kyberswap team, warning of potential delays in finding a resolution. Kyberswap, a decentralized finance platform, fell victim to the attack five days ago, leading to the loss of funds. The team has established communication with the hacker, who has suggested that negotiations may need to be postponed if a more civil atmosphere is not fostered. The message from the hacker has gained attention on social media, with some suggesting the need for a professional negotiator. The outcome of the negotiations remains uncertain, but positive news might be announced on Thursday if a cooperative atmosphere is achieved.

Hacker Seeks Civility in Kyberswap Heist Negotiations

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Hacker Seeks Civility in Kyberswap Heist Negotiations

In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker lamented encountering primarily “received (mostly) threats, deadlines, and general unfriendliness.” They warned that if such hostility persists, the Kyberswap team might face delays in resolving the issue.

Kyberswap Hacker Demands Cordiality in $47 Million Heist Talks

Five days ago, Kyberswap, a decentralized finance (defi) trading platform, fell victim to a cyberattack, resulting in a loss of $47 million. The team announced that its market maker, Kyberswap Elastic, had “experienced a security incident.” Since the attack, they have established communication with the perpetrator, and an onchain message indicates the hacker’s openness to negotiate the return of the funds.

Yet, the hacker claims to have faced unjust treatment and warns that if such circumstances persist, the team may need to postpone the negotiations to a later date. “Dear Kyberswap executives, employees, token holders, and LPs,” the hacker wrote. “I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That’s ok, I don’t mind. I have prepared a statement concerning our (potential) treaty. I plan to release it on Nov. 30 at Noon UTC, sharp.”

The Kyberswap attacker added:

Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word. If not, we proceed as planned on Nov. 30. Thank you.

Warning of Possible Delays in Resolution

The hacker’s message gained momentum on social media platforms. One individual who circulated the message commented, “We need a professional negotiator it seems.” It appears that the negotiation process hit a snag following the disclosure of the bounty’s percentage and the mentioning of potential legal consequences for failing to respond. Nevertheless, should the Kyberswap team successfully foster a cooperative atmosphere and smooth out any issues, the attacker might announce positive news on Thursday at noon UTC.

Social Media Response to the Hacker’s Message

Since the hacker’s message became public, it has sparked significant discussion on social media. Many users have expressed their opinions and concerns regarding the nature of the negotiations. Some users have shown support for the hacker’s request for civility, emphasizing the importance of open communication and a cooperative approach in resolving the situation. Others have questioned the motives and credibility of the hacker, urging caution in dealing with the situation. Overall, the social media response has generated a range of viewpoints and highlighted the need for a thoughtful and measured approach to the negotiations.

Potential Impact of a Cooperative Atmosphere

Creating a cooperative atmosphere in the negotiations between Kyberswap and the hacker could have a significant impact on the outcome of the situation. By promoting open dialogue and respectful communication, both parties can work towards finding a mutually beneficial resolution. A cooperative approach can build trust and understanding, leading to the possibility of recovering the stolen funds and preventing future attacks. Additionally, fostering a cooperative atmosphere can help mitigate any potential negative consequences that may arise from the incident, such as damage to Kyberswap’s reputation or legal repercussions. Overall, a cooperative atmosphere holds the potential for a successful resolution and the restoration of trust in Kyberswap.

The Hacker’s Planned Statement on Nov. 30

As mentioned in their initial message, the hacker intends to release a statement concerning the potential treaty on November 30 at noon UTC. This statement is eagerly awaited by both the Kyberswap team and the wider community. It is expected that the statement will provide further insight into the hacker’s motivations, demands, and proposed terms for the resolution. The release of this statement will likely play a crucial role in shaping the direction of the negotiations and determining the next steps in resolving the $47 million heist.

Discussing the Role of a Professional Negotiator

The suggestion for a professional negotiator in the ongoing discussions has gained traction among observers. The presence of a skilled negotiator can help facilitate productive conversations between Kyberswap and the hacker, ensuring that both parties are able to express their concerns and interests effectively. A professional negotiator can guide the discussions, mediate conflicts, and help find common ground for resolution. Their expertise can also help navigate the potential legal implications and ensure that the negotiations adhere to established protocols. Engaging a professional negotiator could significantly improve the chances of a favorable outcome and a swift resolution to the Kyberswap heist.

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Issues with the Disclosure of Bounty Percentage

One of the issues that arose during the negotiation process was the disclosure of the bounty percentage. The hacker expressed dissatisfaction with the way this information was communicated and the potential legal consequences associated with it. This highlights the importance of clear and transparent communication between the parties involved to avoid misunderstandings and potential conflicts. Moving forward, it will be crucial for Kyberswap to address these concerns and establish a more open and collaborative dialogue with the hacker. By addressing these issues, both parties can work towards finding a resolution that is mutually satisfactory and beneficial.

Possible Positive News on Thursday

Despite the challenges and tensions that have surfaced during the negotiation process, there is a glimmer of hope for positive news on Thursday. If the Kyberswap team successfully addresses the hacker’s concerns, fosters a cooperative atmosphere, and maintains open communication, it is possible that the hacker may announce positive developments at noon UTC on Thursday. This would be a significant milestone in the resolution of the $47 million heist and could pave the way for further progress and recovery. It remains to be seen what exactly this positive news might entail, but it is a promising prospect amid the ongoing negotiations.

In conclusion, the Kyberswap heist and subsequent negotiations present a complex and challenging situation. The hacker’s demand for civility, openness to negotiate, and warning of possible delays highlight the need for a cooperative approach. Establishing a respectful and constructive atmosphere for the negotiations is crucial in reaching a resolution that benefits all parties involved. Through clear communication, the involvement of a professional negotiator, and addressing concerns such as the disclosure of the bounty percentage, there is potential for a positive outcome. The impending release of the hacker’s planned statement on November 30 brings anticipation and the hope for progress and resolution in the Kyberswap heist.

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